Alternate financing for SaaS SMB
March 28, 2024
by a searcher in New York, NY, USA
We recently went under LOI for a ~$1m SaaS SMB that is not SBA-eligible due to its current international incorporation. While we can execute the deal using a mix of cash, Boopos and seller financing (~30%), we would like to explore alternate financing options (i.e., non-SBA notes, etc.) that may be less expensive than Boopos and have a longer term.
Some financial highlights the business:
-~$200k EBITDA
-~2% historical average churn rate
If you know of any options, please comment on this post and we will PM with more detail.
from Florida State University in United States
from Concordia University in Toronto, ON, Canada